On March 31, 2010, the European Commission issued its final report on the oversight that the European Parliament and the European Council will exercise over the European Citizens’ Initiative (ECI), one of the principle provisions of the Lisbon Treaty that was ratified by EU member states at the end of 2007 and went into effect in 2009. The overall import of the report is that Europeans can essentially bypass the EU legislature and create laws on their own — if they follow some guidelines.
If you've always dreamed of that blue sky holiday relaxing with a book and a beverage on the sun-drenched shores of Hawaii but you've never been able to afford it, then get on a plane and head for that socialist Shangri-La known as the European Union and all your dreams will come true.
European leaders reached an agreement over the weekend on bailing out the profligate Greek government with up to $40 billion in taxpayer-funded loans at below-market interest rates, easing fears of a default but prompting outrage among Europeans.
The Socialist government of Greece has announced an austerity program that freezes pensions, cuts the salary of civil service employees, and increases taxes as a way of restoring confidence in the ability of Greece to meet its financial obligations. The government of this Mediterranean nation suffers from the same sort of extravagant spending and imprudent long-term obligations that have wreaked havoc in other European nations like Portugal, Spain, Italy, and Iceland. The actions of the Greek government have not worked.